Business Standard

Ruchira Papers Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

28.50 cr

Price Range (₹)

23

Lot Size

250

Min Investment (₹)

5,750.00

Listing Exchange

MumbaiNSE

Open Date

23-Nov-2006

Close Date

29-Nov-2006

Listing Date

20-Dec-2006

Ruchira Papers Ltd News

    The Shares of Ruchira Papers Ltd have now been listed.

    Ruchira Papers Ltd IPO Details

    Public issue of 1,23,91,304 Equity Shares of Rs.10/-each issued for cash at a price of Rs.23/- aggregating to Rs.28.50 Crores (hereinafter referred to as Issue). The issue comprises of promoters contribution of 21,73,913 Equity Shares Rs.10/-each at a price of Rs.23/- each aggregating to Rs.5.00 Crores (hereinafter referred to as the Promoters Contribution) and the net offer to the public of 1,02,17,391 Equity Shares aggregating to Rs.23.50 Crores (hereinafter referred to as Net Issue to Public). The net issue to public would constitute 45.57% of the fully diluted post issue paid up capital of our company.Issue Price is Rs.23/- per equity share of face value of Rs.10/-eachThe floor price is 2.3 times of the face value

    Objective of issue

    Set-up Wri.&Prnt. Plant alongwith Chem.Recv. Plant. To set-up 6 MW Co-Generation Power Plant. Mobilise funds for General Corporate Purposes.

    Ruchira Papers Ltd Contact Details

    Ruchira Papers Ltd, C-13 Pannalal Silk, Mills Cmpd LBS Marg, Bhandup West, Mumbai - 400 078

    Phone - 91-022-25963838

    Fax - 91-022-25946969

    Email - cs@ruchirapapers.com; investor@ruchirapapers.com;

    Website - www.ruchirapapers.com; www.rungtairrigation.in